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Updated 2 days ago,
Income from property considered when applying for loan as primary residence
When purchasing a small multi family property as a primary residence. Does the bank take into consideration the income from the other units? Wanting to use a FHA loan but will likely do a in house loan with a bank.
Looking to purchase a duplex, triplex or fourplex in Panama City and do short term rentals for summer months and long term through the winter.
When purchasing a small multi-family property as a primary residence, does the bank consider rental income from other units for loan qualification, especially with FHA or in-house bank loans?